Common use of Termination of Employment for Other Reasons Clause in Contracts

Termination of Employment for Other Reasons. In the event that the Participant's employment with the Company or a Subsidiary terminates prior to the end of the Performance Period for any reason other than Death, Disability, Retirement, or Termination by the Company or a Subsidiary without Cause, then Participant's rights to all of the Target Performance Shares granted in this Award will be immediately and irrevocably forfeited upon such termination of employment.

Appears in 4 contracts

Sources: Performance Share Award Agreement (Independent Bank Corp /Mi/), Performance Share Award Agreement (Independent Bank Corp /Mi/), Performance Share Award Agreement (Independent Bank Corp /Mi/)

Termination of Employment for Other Reasons. In the event that the If a Participant's employment with the Company or terminates during a Subsidiary terminates prior to the end of the Performance Period for any reason other than Death, death or Disability, Retirementthe Participant will forfeit all Performance Units and Performance Shares to the Company, or Termination by unless the Company or a Subsidiary without Cause, then Participant's rights to all of the Target Performance Shares granted in this Award will be immediately and irrevocably forfeited upon such termination of employmentAgreement provides otherwise.

Appears in 1 contract

Sources: Warrant Agreement

Termination of Employment for Other Reasons. In the event that the Participant's ’s employment with the Company or a Subsidiary terminates prior to the end of the Performance Period for any reason other than Death, Disability, Retirement, or Termination by the Company or a Subsidiary without Cause, then the Participant's ’s rights to all of the Target Performance Shares Share Units granted in under this Award Agreement will be immediately and irrevocably forfeited upon such termination of employment, and the Participant shall earn no Actual Performance Share Units.

Appears in 1 contract

Sources: TSR Performance Share Unit Award Agreement (Miller Herman Inc)

Termination of Employment for Other Reasons. In the event that the Participant's employment with the Company or a Subsidiary terminates prior to the end of the Performance Period for any reason other than Death, Disability, Retirement, or Termination by the Company or a Subsidiary without Cause, then Participant's rights to all of the Target Performance Shares granted in under this Award Agreement will be immediately and irrevocably forfeited upon such termination of employment.

Appears in 1 contract

Sources: Performance Share Award Agreement (Miller Herman Inc)

Termination of Employment for Other Reasons. In the event that the Participant's ’s employment with the Company or a Subsidiary terminates prior to the end of the Performance Period for any reason other than Deathdeath, Disability, Retirement, or Termination by the Company or a Subsidiary without Cause, then the Participant's ’s rights to all of the Target Performance Shares Share Units granted in under this Award Agreement will be immediately and irrevocably forfeited upon such termination of employmentemployment and the Participant shall earn no Actual Performance Share Units.

Appears in 1 contract

Sources: Performance Share Unit Award Agreement (Miller Herman Inc)

Termination of Employment for Other Reasons. In the event that the Participant's employment with the Company or a Subsidiary terminates prior to the end of the Performance Period for any reason other than Death, Disability, Disability or Retirement, or Termination by the Company or a Subsidiary without Cause, then Participant's rights to all of the Target Performance Shares granted in this Award will be immediately and irrevocably forfeited upon such termination of employment.

Appears in 1 contract

Sources: Performance Share Award Agreement (Ufp Industries Inc)

Termination of Employment for Other Reasons. In the event that the Participant's ’s employment with the Company or a Subsidiary terminates prior to the end of the Performance Period for any reason other than Deathdeath, Disability, Retirement, Good Reason, or Termination by the Company or a Subsidiary without Cause, then the Participant's ’s rights to all of the Target Performance Shares Share Units granted in under this Award Agreement will be immediately and irrevocably forfeited upon such termination of employment, and the Participant shall earn no Actual Performance Share Units.

Appears in 1 contract

Sources: Performance Share Unit Award Agreement (Miller Herman Inc)

Termination of Employment for Other Reasons. In the event that the Participant's ’s employment with the Company or a Subsidiary terminates prior to the end of the Performance Period for any reason other than Deathdeath, Disability, Retirement, Good Reason, or Termination by the Company or a Subsidiary without Cause, then the Participant's ’s rights to all of the Target Performance Shares Share Units granted in under this Award Agreement will be immediately and irrevocably forfeited upon such termination of employmentemployment and the Participant shall earn no Actual Performance Share Units.

Appears in 1 contract

Sources: Performance Share Unit Award Agreement (Miller Herman Inc)